Alight, Inc. / Delaware 8-K

What Happened

• Alight, Inc. announced on June 3, 2026 (press release furnished June 4, 2026) that its Board has appointed Stephen A. Lasher as Chief Financial Officer, effective June 15, 2026. Mr. Lasher will become the company's principal financial officer under the Exchange Act; Susan Davies will remain Chief Accounting Officer and principal accounting officer. Mr. Lasher joins from Digital Turbine (CFO since Feb 2025) and previously served as SVP & CFO of Vonage and in senior finance roles at IBM.

Key Details

• Start date: June 15, 2026 (board appointment June 3, 2026).
• Compensation: $600,000 annual base salary and $900,000 target annual incentive.
• Equity grants: $2,000,000 sign-on RSU grant (50% vests at 1 year, then 25% at years 2 and 3) and a 2026 LTIP RSU grant valued at $2,500,000 (50% time-vested with ~33% annual vesting over 3 years; 50% performance-vested with 0–150% payout based on metrics). Both grants to be made within 30 business days of the start date.
• Other cash/equity considerations: One-time make-whole cash payment of $1,800,000 (minus tax), repayable if he resigns voluntarily or is terminated for cause within his first year; Company may consider an additional $3,000,000 LTIP grant in Feb 2027 based on 2026 performance.
• Severance: If terminated without cause or for good reason, Mr. Lasher would receive 18 months of salary continuation (or 1.5x salary + target bonus if in connection with a change in control), prorated bonus, up to 12 months COBRA and outplacement, accelerated vesting of the sign-on RSUs and partial or full vesting of other performance awards (full vesting on change in control).

Why It Matters

• The filing formalizes a senior finance leadership change with detailed compensation and severance terms that can affect Alight’s future expense profile and equity dilution. Investors should note timing (effective June 15), the mix of cash vs. equity pay, performance-based vesting that ties incentives to future results, and the severance protections that could affect costs in certain exit scenarios. The company also disclosed the standard Regulation FD press release announcing the appointment.